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Aug 12, 2013
08/13
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it is very difficult in the current system, in washington. >> 30 countries around the world have done it. the only way you do it is by getting a mandate from the people. that is what i think the 2016th election is about. it will be a major issue. connell: we will talk in the next section of our show about how this poll is out. with the current congress in the setup of the current congress, getting them to go for something like this, i do not know if counterintuitive is the right word.3 >> if you left washington to their own devices, they would make the code even more complicated. they benefit from the system. the only way you change it is through elections. one thing congress has done -- connell: paul ryan has already been advised presidential nominee. is grand paul a serious candidate for president? >> i think it is wide open for 2016. connell: he is not just the type of guy who shakes up the race. >> he will be running to win. i think other candidates will be on the side. yes, i think he definitely will be running. i am an agitator. connell: we love having you on always. thank you v
it is very difficult in the current system, in washington. >> 30 countries around the world have done it. the only way you do it is by getting a mandate from the people. that is what i think the 2016th election is about. it will be a major issue. connell: we will talk in the next section of our show about how this poll is out. with the current congress in the setup of the current congress, getting them to go for something like this, i do not know if counterintuitive is the right word.3...
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Aug 12, 2013
08/13
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let's get straight to it and go to peter barnes in washington. peter? >> hey, ashley, deficit was $90 billion in july. 40% increase from the $70 billion deficit reported in july of 2012, but, for the fiscal year-to-date, the deficit is actually down by about that amount. it clocked in for the first 10 months of the fiscal year-ending july at $607 billion. that compares to $974 billion for the deficit for the same period last year. and, of course, this improvement in the deficit, is due to those higher tax increases that kicked in january 1st. higher payroll taxes as well as higher taxes on the wealthier earners. and lower spending here in washington caused by those sequester spending cuts. we have two more months left in the fiscal year and two more months in that fight before the next round of, the next round in the debt, increasing the debt ceiling. ashley, back to you. ashley: so many, peter, mind boggling, isn't it. peter, thank you very much. tracy: higher taxes that's all i heard. time for stocks. we go down to adam shapiro on the floor of the new
let's get straight to it and go to peter barnes in washington. peter? >> hey, ashley, deficit was $90 billion in july. 40% increase from the $70 billion deficit reported in july of 2012, but, for the fiscal year-to-date, the deficit is actually down by about that amount. it clocked in for the first 10 months of the fiscal year-ending july at $607 billion. that compares to $974 billion for the deficit for the same period last year. and, of course, this improvement in the deficit, is due to...
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you will hear some yelps out of washington, d.c. before the adjournment i think august 2nd. you have a dearth of news between now and the next fed meeting. the stars have aligned right here for some kind of a pullback and i think the nail will be in the coffin if you break below 1684. tracy: the thing is, there are some things that are happening. all we need is for one to go bad, right? it is just an excuse for everyone to kind of sell for a while. >> quell, yeah, a lot of people are on holiday. the europeans are on holiday. so, you know, this is the best chance we've had this year. i do think if we get a decent pullback it is for buying because i agree with other strategists. i think we'll be higher by year-end. i think the economy resets and earnings will continue to come in better than most people think. tracy: what is the one thing people are missing in this market? >> oh, i think they're is missing a lot of things. this move towards energy independence is massive. if you would have told me five years ago we would be producing 800,000 barrels a day out of bakken on its w
you will hear some yelps out of washington, d.c. before the adjournment i think august 2nd. you have a dearth of news between now and the next fed meeting. the stars have aligned right here for some kind of a pullback and i think the nail will be in the coffin if you break below 1684. tracy: the thing is, there are some things that are happening. all we need is for one to go bad, right? it is just an excuse for everyone to kind of sell for a while. >> quell, yeah, a lot of people are on...
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remember jpmorgan fought bear stearns and washington mutual during the financial crisis. bose those firms which also created mortgage-backed securities are not under investigation, only the ones at the moment. the current criminal probe focused on what jpmorgan created so we will follow this story. tracy: see you in a bit. time to make some money, the dow is up 12 points. it is getting green. charles payne as something dead in this market. charles: not dead. the exaggeration of the death of the tech market. did you see the articles over the last year going to last november, september, after the facebook ipo? the tech bubble was about to burst, tech bubble gum 2.0, facebook kills the tech bubble, all last year, even a to jew live this year all i read is the tech bubble is did. have you seen what happened this earnings season? wildly exaggerated. tracy: what they meant, one of the highlights from the huffington post, maybe tech was going to pull us out of this recession and it didn't. before the tech stocks are going to implode like they did in 2001. i will show you what ha
remember jpmorgan fought bear stearns and washington mutual during the financial crisis. bose those firms which also created mortgage-backed securities are not under investigation, only the ones at the moment. the current criminal probe focused on what jpmorgan created so we will follow this story. tracy: see you in a bit. time to make some money, the dow is up 12 points. it is getting green. charles payne as something dead in this market. charles: not dead. the exaggeration of the death of the...
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Aug 16, 2013
08/13
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i would not expect too much coming out of washington on the afternoon. cheryl: gold and silver on track for big weekly gains. the pits of the cme and phil flynn. >> is still looking while the bullish. short-covering like crazy despite the fact of the dollar is at a session high, gold continues. there's a lot of talk about the physical demand of this market, a lot of talk about the possibility of supply were you'll be able to get your reins on it because of a drop in production. right now they have everything going their way into a very uncertain weekend. a new way to track. cheryl: that's coming up in the west coast minute. with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, se? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark busines
i would not expect too much coming out of washington on the afternoon. cheryl: gold and silver on track for big weekly gains. the pits of the cme and phil flynn. >> is still looking while the bullish. short-covering like crazy despite the fact of the dollar is at a session high, gold continues. there's a lot of talk about the physical demand of this market, a lot of talk about the possibility of supply were you'll be able to get your reins on it because of a drop in production. right now...
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Aug 22, 2013
08/13
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we have rich edson in washington d.c. charlie gasparino here in our new york studios rias been working the phones and talking resources. and nicole petallides along with the traders on the floor of the new york stock exchange where of course trading has not been interrupted. that is a totally different exchange. we have sanders met on the floor of the cme which is huge volumes and electronic trading. adam shapiro, we begin with you. when will the testing began? >> the testing started at 230, but we don't have any inclination from nasdaq. it will not make a statement even though their pr people right on the other side of the door. the law say how that's going. they originally hoped to have trading resumed at 2200 they're not going to make that deadline. they have not pushed it back, as you pointed out, to 3:25 p.m. no word on how the trade has been going.
we have rich edson in washington d.c. charlie gasparino here in our new york studios rias been working the phones and talking resources. and nicole petallides along with the traders on the floor of the new york stock exchange where of course trading has not been interrupted. that is a totally different exchange. we have sanders met on the floor of the cme which is huge volumes and electronic trading. adam shapiro, we begin with you. when will the testing began? >> the testing started at...